only part c

Question 4 of 7 .../1 View Policies Current Attempt in Progress Over 90 Presented below is an aging schedule for Concord Corporation at December 31, 2021. Number of Days Past Due Not Customer Total Yet Due 1-30 31-60 61-90 Aneesh $24.900 $11.200 $13.700 Bird 33,600 $ 33,600 Cope 58,500 6,800 5,800 $45.900 DeSpears 33,300 Others 125,600 97.100 15,200 13,300 $275,900 $137.500 $32,200 $27,000 $45.900 Estimated Percentage Uncollectible 3% 7% 12% 24% Total Estimated Bad Debts $40,615 $ 4.125 $2.254 $3.240 $ 11,016 $33,300 $33,300 60% $19.980 At December 31, 2021, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $13.000, Your answer has been saved. See score details after the due date. Journalize the adjusting entry for bad debts at December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles Date Dec 31, 2021 Debit Credit Bad Debt Expense 27,615 Allowance for Doubtful Accounts Post the adjusting entry for bad debts at December 31, 2021. Bad Debt Expense 12/31/21 Adi 27,615 12/31/21 Bal 27,615 Allowance for Doubtful Accounts 12/31/21 Bal. 13,000 12/31/21 Adj. 27,615 12/31/21 Bal 40,615 (b) Your answer has been saved. See score details after the due date. Journalize the following events and transactions in the year 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (1) March 1, a $1,200 customer balance originating in 2021 is judged uncollectible. (2) May 1, a check for $1,200 is received from the customer whose account was written off as uncollectible on March 31. No. Date Debit Account Tities and Explanation Allowance for Doubtful Accounts (1) Mar. 1.2022 1.200 Accounts Receivable Accounts Receivable (2) May 1, 2022 1.200 Allowance for Doubtful Accounts (To reverse write-off) Dec 31, 2022 Cash 1.200 Accounts Receivable (To record collection of write-off) Post to the allowance account the events and transactions in the year 2022. 12/31/21 Adj. 12/31/21 Bal. Bad Debt Expense 27,615 27,615 Allowance for Doubtful Accounts 12/31/21 Bal. 12/31/21 Adj. 12/31/21 Bal 13,000 27.615 40,615 12/31/21 Adj. 1,200 12/31/21 Adj. 1.200 Attempts: 1 of 1 used (c) Journalize the adjusting entry for bad debts at December 31, 2022 assuming that the unadjusted balance in Allowance for Doubtful Accounts is a debit of $880 and the aging schedule indicates that total estimated bad debts will be $32,700. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) ate Account Titles Debit Credit Mar 1, 2022 May 1, 2022 Dec 31, 2022